LNG outlook

Infographic: 2019 was a record year on LNG supply growth

Oil major, Shell, launched its LNG Outlook for 2020, presenting the trends of 2019 concerning the liquefied natural gas demand and growth, highlighting that the year that passed was a record-year of LNG supply growth.

In the infographic below, Shell notes that by 2040 80% of global energy demand growth to be met by renewables and gas, while 60% of increased gas demand from nonpower sectors.

Also, in 2019 China and India remained at the top of using coal and other solid fuels in homes and...

https://safety4sea.com/infographic-2019-was-a-record-year-on-lng-supply-growth/

Japan’s LNG price import to fall during 2020

Japan’s Institute of Energy Economics recently issued its 2020 Energy Outlook in Japan and World, highlighting that region’s average LNG import price is set to low. Namely, the Institute estimates a drop from around $10 per million British thermal units (mBtu) in 2019 to below $9 per mBtu during 2020.

At the same time, the demand in the global LNG industry will spread to 369 million tons, following China’s and India’s increased demand.

As the Institute of energy economics managing director and...

https://safety4sea.com/japans-lng-price-import-to-fall-during-2020/

LNG as a Fuel: Key considerations

During the 2019 Hellenic American Maritime Forum, Mr. Antonis Trakakis, Chief Technology Officer, FORWARD SHIPS, talked about LNG as a fuel. Namely, Mr. Trakakis stated that LNG provides the safest path towards a carbonless future, and there is no reason for the delay of its uptake.

Nowadays, shipping has to adapt in a changing world and comply with continuously increasing  pressure for reducing the GHG emissions by implementing EEDI & IMO’s ambitious targets and strategies to meet the Paris...

https://safety4sea.com/cm-lng-as-a-fuel-key-considerations/

US Calcasieu Pass Project gets ‘green light’ for LNG exports

The US Department of Energy gave the green light on the export of the domestic LNG production from Venture Global LNG’s Calcasieu Pass LNG terminal being built in Louisiana. Thus, Venture will export more than 1.7 billion cubic feet per day of natural gas as LNG to countries that do not have a free trade agreement with the U.S.

The permission was given to Venture Global Calcasieu Pass on February 21, 2019.

The permit regards the export facility in Cameron Parish and associated TransCameron...

https://safety4sea.com/us-calcasieu-pass-project-gets-green-light-for-lng-exports/

India’s LNG imports decrease by 11.6% in January

India’s imports of liquefied natural gas experienced a decrease in January 2019. As data from oil ministry’s Petroleum Planning and Analysis Cell (PPAC) address, the imports reached 2.13 billion cubic meters, 11.6% below the same month in 2018.

Specifically, although India’s imports showed a small increase in December 2018, as the country reached a rise of 4.7% year-on-year, January’s imports dropped.

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The expenses of January imports reached the $0.8 billion,...

https://safety4sea.com/indias-lng-imports-decrease-by-11-6-in-january/

EIA: US LNG exports decrease week on week

EIA reports that LNG exports from the United States decreased week on week. US LNG export facilities dispatched a total of eight LNG cargoes during the week ending January 16, six from Cheniere’s Sabine Pass facility, and one from its Corpus Christi and Dominion’s Cove Point facilities each. EIA forecasts U.S. LNG exports to increase gradually in 2019 and average 5.1 Bcf/d on an annual basis, up from 3.0 Bcf/d annual average in 2018. In 2020, however, as the new trains ramp up LNG production,...

https://safety4sea.com/eia-us-lng-exports-decrease-week-on-week/